Whether or not you are constructing credit score for the primary time or working to rebuild it, Navy Federal Credit score Union gives a sensible resolution: a secured card that earns money again with no annual payment.*
Completely for Energetic Obligation Servicemembers, Veterans, their households, and Division of Protection personnel and contractors, the Navy Federal Credit score Union moneyRewards Secured Credit score Card makes it simple to develop your credit score whereas incomes rewards on on a regular basis purchases.
There aren’t any charges to hitch or keep your membership — simply sensible advantages designed to assist your monetary objectives.
Able to take management of your credit score and begin incomes extra out of your spending? Let’s break down how.
A secured card that works tougher for you
Designed to construct or rebuild credit score
In the event you’re simply getting began with credit score — or beginning once more — this card is constructed for you. It experiences to all three main credit score bureaus, so each on-time cost may also help construct your rating.
Once I moved to the U.S. from Australia 10 years in the past, I did not have a credit score historical past right here. My first secured card got here from a credit score union, and after six months of accountable use, I certified for an unsecured card. Quick ahead to right this moment: I’ve a credit score rating over 800 and greater than 25 rewards playing cards in my pockets — and it began with the muse that one secured card gave me.
With Navy Federal, you may graduate to an unsecured moneyRewards card in as little as six months, unlocking even greater rewards without having to reapply.
Easy, rewarding money again
You may earn limitless 1% money again on all eligible purchases** — with no classes to trace, no limits on earnings and no expiration so long as your account stays open.
Money again is credited robotically, so there’s nothing to activate — it simply works for you.
Every day Publication
Reward your inbox with the TPG Every day publication
Be part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s consultants
Low charges, excessive potential
No annual payment, no hidden prices
You may get all of the perks with out the worth tag:
- No annual payment
- No stability switch payment
- No international transaction charges — best for these stationed overseas
That sort of payment transparency is uncommon within the bank card world, particularly for a product that earns beneficial rewards.
Get began with simply $200
You’ll be able to open your account with a minimal deposit of $200 (and as much as $5,000). That deposit turns into your credit score restrict and helps you identify a robust basis, whereas it stays in your financial savings account, incomes dividends.
After simply three months, you may be eligible for a credit score line improve.*** And after six months of accountable use, you could qualify for an improve to an unsecured card — all with no new software or credit score test.
Additional perks
Your card additionally consists of sensible procuring and journey perks:
- Contactless funds: Simply faucet and go.
- Secondary rental automobile insurance coverage: Covers harm, theft and towing for leases of 15 days or much less.
These extras make your spending — whether or not at residence or overseas — smoother and safer.
A part of a path to extra rewards
Unlock extra worth with the cashRewards suite
Graduating from secured to unsecured does not simply enhance your credit score — it additionally boosts your rewards. If permitted, you will robotically transfer to one among two unsecured playing cards:
- moneyRewards: 1.5% money again on eligible purchases
- moneyRewards Plus: 2% money again (in case your credit score line is $5,000 or greater)****
Upgrades occur throughout the similar card household, so there is not any onerous credit score pull or have to reapply, and your credit score historical past stays intact. Your secured deposit is refunded, and you retain all of the progress you’ve got made.
Is the Navy Federal cashRewards Secured Card best for you?
Who ought to contemplate this card
This card is a wonderful match for:
- First-time bank card customers
- These working to rebuild credit score
- Army households and Division of Protection personnel searching for a no-annual-fee, rewards-earning choice
You may want to hitch Navy Federal Credit score Union, however that is free and easy. There is no membership payment — only a $5 minimal deposit to open your financial savings account. Navy Federal’s full discipline of membership consists of:
- Energetic Obligation Servicemembers: together with members of the Military, Marine Corps, Navy, Air Pressure, Coast Guard, Nationwide Guard and House Pressure
- Veterans
- Instant Household Members: together with spouses, siblings, mother and father, kids, grandparents and grandchildren
- Division of Protection (DoD) staff
Backside line
The Navy Federal moneyRewards Secured Credit score Card is a brilliant strategy to construct or rebuild credit score whereas incomes money again and avoiding sure charges. This is what makes it stand out:
- 1% money again on each eligible greenback you spend
- No annual payment or international transaction charges
- A transparent improve path to greater rewards
- Designed solely for army Servicemembers, Veterans, their households and Division of Protection personnel
It is greater than a bank card — it is a good step to a stronger credit score future.
Be taught extra and apply right here.
Disclaimers:
*As of two/3/2025, cashRewards Secured card charge is eighteen.00% APR and can differ with the market based mostly on the U.S. Prime Charge. ATM money advance charges: None, if carried out at a Navy Federal department or ATM. In any other case, $0.50 per home transaction or $1.00 per international transaction.
**cashRewards Secured bank cards earn 1% money again for each $1 of eligible purchases. Eligible purchases are purchases for items and companies, minus returns and different credit. Eligible purchases don’t embrace charges, curiosity costs, stability transfers, playing, comfort checks, money advances or different money equivalents (e.g., cash orders, present playing cards, pay as you go playing cards). For extra info, view the cashRewards Secured Program Description.
***https://www.navyfederal.org/loans-cards/credit-cards/cash-rewards-secured.html#how-it-works
****cashRewards Plus bank cards earn 2% money again on each $1 of eligible purchases. cashRewards bank cards earn 1.5% money again on each $1 of eligible purchases. Eligible purchases are purchases for items and companies, minus returns and different credit. Eligible purchases don’t embrace charges, curiosity costs, stability transfers, playing, comfort checks, money advances or different money equivalents (e.g., cash orders, present playing cards, pay as you go playing cards).
Navy Federal Credit score Union is federally insured by NCUA.
